“Setup a new company”

“Setup a new company”

To setup a new company first we click on the start menu and follow the following procedure.

Than we open the Peachtree complete accounting 2004 and we got the following   picture.

And than we click on the “setup a new company “and follow the following procedure.

This is company new setup information which is required by the software. By clicking on the “Next” we got the following information.

To form a new company setup this software requires these information specially the company name which is filled by above procedure and by clicking on “Next” button we got the following information.

This file ask us about the several methods of setting up the company .first one option is about the new retail, manufacturing, construction .second option to use extensive chart of account , third option to copy setup from the existing company of Peachtree , Fourth one to convert a company from another accounting period and the Fifth one is for the building a new corporation. But we are setting our company that’s why we are choosing the option of “building your own company” and by clicking on next we got the following file.

Accrual is a system in which income is recorded when the invoice is received but expense is recorded when cash is paid. Cash is a system in which is recorded when cash is received and expense is recorded when paid .Most of the companies use the Accrual accounting system. This file give us the option of choosing accounting system and from these two option we are choosing the “Accrual” and than click on next.

.

This file give us the option of posting method we have chosen the method of “Real Time” Because most of the companies use this method. Batch time is avoided because to use this method it requires a lot of time that’s why we are choosing this Real time option. And by clicking on Next we got the following information.

This file gives us the option of choosing the accounting period whether it is 12 months or a period which do not match the calendar month. We will click on the 12 months and than go for the Next.

This file requires the information that what kind of accounting period you want and what month will be chooses for the company. And by clicking on the Next button we got the following screen.

Now we have completed the task of setup a new company. And by clicking on Finish button we got the following screen which shows the new company which is setup by us.